Prof. Dr. Heiner Rindermann American Economic Association, 2014 AEA Meeting Chemnitz University of Technology, Germany January 3 to 5, 2014
[email protected] Philadelphia, Marriott and Convention Center www.tu-chemnitz.de/~hrin Friday, January 3, 2014, 14:30-16:30 pm Pennsylvania Convention Center, 203-B Session: Cognitive Human Capital, Growth and Wealth – Chair: Heiner Rindermann & Rik Hafer Perspectives of Economics and Psychology Discussant: Susan M. Collins Garett Jones et al., Heiner Rindermann, Eric Hanushek et al., HR: 2., 14:50-15:06-15:10 Gerhard Meisenberg, James Heckman et al. Heiner Rindermann TU Chemnitz , Germany The Psychology Approach to Macroeconomics Rindermann, AEA 2014, 3-I-14, Psychology Approach 1 of 34 Outline 1 Cognitive human capital research .................................... 3 2 Psychometric intelligence test collection from Lynn and Vanhanen (2002-2012).................................................. 5 3 Student assessment and psychometric test combinations ......... 8 4 Economics and psychology: Terms...................................12 5 Economics and psychology: Measures...............................15 6 Economics and psychology: Analyses................................21 7 Causes of national ability differences...............................26 8 Development and improvement of national ability ..............28 Rindermann, AEA 2014, 3-I-14, Psychology Approach 2 of 34 1 Cognitive human capital research Human capital research, the use of psychological attributes to explain economically productive behavior, started in the late 1950s in economics. Individual level Jacob Mincer Mincer, J. (1958). Investment in human capital and (1922-2006) personal income distribution. Journal of Political Economy , 66 , 281-302. Theodore W. Schultz Schultz, Th. W. (1961). Investment in human (1902-1998) capital. American Economic Review , 51 , 1-17. Gary S. Becker Becker, G.